Carnival, Fincantieri Explore Possible Chinese Shipbuilding Venture

Arrangement Would Build First-Ever Cruise Ships to Be Made in China

Carnival Corp. and Italian cruise shipbuilding company Fincantieri SpA are exploring the possibility of a joint venture that would build the first-ever cruise ships to be made in China.

The memorandum of understanding between the companies comes after Carnival and China’s largest shipyard, the China State Shipbuilding Corp., signed their own pact in mid-October to potentially collaborate on a similar joint venture. Both agreements...